Explaining last night with a piece of information all the big money movers have:
Biggest SP500 drawdown (based on closing prices) without recession in the past 80 years:
- 25% current
- 26% in 1962
- 26% in 1946
- 27% in 1980
- 33% in 1987
There was always a hard floor just below.
New computer systems in a pre-internet 1987 world causing a flash crash is probably not so relevent today so making a judgement call it exclude the -33%, we were pretty safe in a consensus belief that a closing low had reached it's destination area thereabouts.
Sostocks just don't close much further without already being in recession and combine that with the strongest months of seasonality approaching and I think a hard floor bounce of +10% in the next few months is likely even in an overall bear market.
- Forums
- ASX - By Stock
- Indices 10/10
Explaining last night with a piece of information all the big...
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,091.9 |
Change
46.800(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
8,045.1 | 8,091.9 | 8,045.1 |
Featured News
XJO (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online